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PRICE REDUCTION - Catalpa Manor 2030-2036 Catalpa Dr

22 Unit Block of Flats £1,253,280 (£56,967/Unit) Dayton, OH 45406

Investment Highlights

  • 15 Units already fully remodeled
  • Parking Lot Recently Resurfaced
  • High Demand for Remodeled Units
  • 13 units with new HVAC units
  • Roof and most windows approx. 10 Years Old
  • 100% OCCUPIED

Executive Summary

Excellent investment opportunity in a high-demand rental market. The Seller has fully remodeled 15+ units (kitchens, baths, HVAC, paint, flooring), resurfaced the parking lot, replaced many of the windows, and STABILIZED RENTS. 100% occupied with huge upside potential for a new Owner. Roof and most windows approx. 10-years old. The property is plumbed for an on-site laundry facility presenting significant upside potential for a new Owner - just add coin-op or credit card washers and dryers! Contact Gary Kurtz for more information.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,253,280
Price Per Unit £56,967
Sale Type Investment
No. Units 22
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.63 AC
Building Size 22,146 SF
Average Occupancy 100%
Number of Floors 3
Year Built/Renovated 1966/2023
Parking Ratio 2.26/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Carpet

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1.5 16 £685.39 725
3+1.5 6 £842.05 900

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R72-11706-0004
Land Assessment
£25,089
Improvements Assessment
£99,134
Total Assessment
£124,224

zoning

Zoning Code C (Multi-Family Residential)
C (Multi-Family Residential)
  • Listing ID: 30054734

  • Date on Market: 14/11/2023

  • Last Updated:

  • Address: 2030-2036 Catalpa Dr, Dayton, OH 45406

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